Nice Pattern. What else could we expect after retesting the magenta trendline...
Comment:
The "Subminuette" 1 and 2 also could be "Minuette" waves. We are in Wave 3 now!
Comment:
There are two probable scenarios for the next days. Drawing a resistance line on level $ 14.5 (starts at the peak of 2017-03-13) will give us an "Ascending Triangle", which is a bullish pattern!
1st Scenario: Prices will immediately break this resistance and walk through to higher levels (very optimistic).
2nd Scenario: Prices will NOT break this resistance immediately and will form another impuls wave of a lower degree and then...
1st Scenario: Prices will immediately break this resistance and walk through to higher levels (very optimistic).
2nd Scenario: Prices will NOT break this resistance immediately and will form another impuls wave of a lower degree and then...